Milestone is a premier full-service real estate development company specializing in the ownership and operation of hotel assets.
Our mission is to achieve maximum value for our investors through the expert management and marketing of our hotel properties.
With more than 20 years of experience in the hotel industry, our management team has amassed a track record of unparalleled success, achieving superior investor returns through our daily commitment to providing exemplary guest service.
We welcome you to our website, and appreciate the opportunity to share our history and vision with you.
MASON W. MEDNICK
Mr. Mednick serves as Chief Executive Officer of Milestone Hospitality Management, LLC. His responsibilities include development, financial underwriting, cash management, operational audits, investor relations, lender relations, tax and insurance program management, capital improvements, and special projects. Since 2002, Mr. Mednick has overseen the acquisition of 11 hotel properties in five states with an aggregate value in excess of $200 million, the sale of 19 hotel properties six states with an aggregate value in excess of $150 million, the placement and replacement of more than $250 million of real estate financing, and the acquisition of more than 100 acres of vacant land in the states of Pennsylvania, Tennessee and Kentucky for future commercial development purposes.
In October, 2005, Mr. Mednick helped direct the formation of Milestone Development Group, LLC, a commercial, residential and industrial development firm, affiliated with the Milestone Companies. As a Principal of MDG, Mr. Mednick directs the capital projects of the Milestone Companies. Mr. Mednick is responsible for the development of property renovation plans, budgets, and capital improvement strategies, directing the efforts of architects, construction trades, and service suppliers. He is also responsible for the strategic planning associated with the firm’s commercial developments that are primarily focused in the eastern United States. Since 2002, Mr. Mednick has overseen the placement of more than $75 million of construction and renovation projects on behalf of the Milestone Portfolio and MDG.
Prior to joining MHM, Mr. Mednick served as investment banking Analyst in the Media & Telecommunications Department of Banc of America Securities LLC. From 1998-1999, Mr. Mednick worked at the Yale Office of Finance, Capital Management Division with responsibility over capital project reports, research and financial analysis. He received a B.A. in Economics from Yale University in 2000, and an M.B.A. from the Wharton School at the University of Pennsylvania in 2009. Mr. Mednick is a registered mortgage broker in the State of Florida.
GLENN G. SCHUMAKER II, CERTIFIED HOTEL ADMINISTRATOR
Mr. Schumaker joined MHM in 2002 as General Manager of the Hilton Washington DC/Silver Spring Hotel (Silver Spring, MD). Beginning in 2007, he served as Corporate Vice President of Operations of MHM. In 2016, Mr. Schumaker was elevated to the position of Chief Operating Officer. Prior to joining MHM, he served as Regional Director of Hotel Support for the northeast region of Hilton Hotels Corp. From 1991-1997, he served as Director of Operations for independent owners of the Hilton Hotel (Pikesville, MD) and Turf Valley Resort & Conference Center (Ellicott City, MD). From 1985-1991, he served in corporate operations and development for Newport Hotels, Inc. Brand experience includes Hilton, Marriott, IHG, and Wyndham properties. He received a B.S. in Management with a concentration in Finance from St. John Fisher College in 1984.